Here is the update of my longer term ES chart:



I know this potential drop of 10% in a couple of weeks is hard to conceive for some. But I can't find a better explanation for the corrective nature of the March-May rise

sorry.....if that is going to happen it would happen from here at 1.27/ 886....not going short...just watching to see

Rat, I see 3 touches on IWM 30 minute with today's high.
I haven't done the sets yet to see if meaningful.

Rat, on CF, it would be near Feb high so good place for reversal.

Originally posted by tx_ches

Rat, on CF, it would be near Feb high so good place for reversal.

CF Weekly.

Here are some posts from last night. Sleep finally won out for me. The only option at that point is alarms and automated trailing stops. We are now at a key area here, but the bulls sure do seem totally in charge. Note the bullish ABCD in the dollar index (dollar down, as it has been today, Euro up, Aussie up, CL, GC, SI, grains et al up) would stop this here, if it played out. If not, 'W3' down in the DX and market way up over this key area. Just some thoughts.


"Now, where was the next key area I have mentioned for a long time now? The area just over the 1300's. It just hit 1303.75, right in the meat of the area."

"Now 1302.25."

"Four drives in here to a key area. This really, really should bounce right out of this hole."

"Just want to see how this goes on the European open. Then I'm going to crash and let jarek take over. That nap is losing its power to keep me going, and as morning comes early here on the west coast, I'm done... If this thing lets me go... I sense a possible move here, and I'd hate to sleep through it..."

GLOBEX high was 13.75, which checked it back a full 7 points. Point of pointing this out? What did I see that made me post that area?

Originally posted by jimkane

Watching 1310-11 and 13.50 next...

Could this really do any selling here?

Originally posted by jimkane

We are now at a key area here...

Watch this subtle 3-min bullish ABCD in here.

Now watch to see if it fails right here. In case.

Notice crude simply exploding. Back to the range top here. KIG.

Originally posted by jimkane

Watch this subtle 3-min bullish ABCD in here.

Okay, see everyone later. I'll try to do those updates on copper and the Swissie like I mentioned in those sections, and get to jarek's question on that being a KT rocking chair pattern failure setup, some time this weekend.